Bingham records 3.2% revenue increase for 2008
Bingham McCutchen has posted its financial results for 2008, with the firm recording a 3.2% increase in firmwide revenue to a new figure of $767m (£552m). The Boston-based firm, which has historically been regarded as having strength in counter-cyclical practices, also saw a rise in profits per equity partner of 6.4% to $1.4m (£1.01m) from $1.35m (£975,000) in 2007. Bingham chairman Jay Zimmerman (pictured) told Legal Week: "Based on everything we are seeing in the market, we are very pleased with these results. In the summer of 2007 the senior management looked very carefully at the likely business scenarios and recognised the problems that 2008 was going to bring before many of our competitors."
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